I guess it depends on what your goal is - do you just want the signup bonus or do you just want to be CPC?

If you just want CPC, and do not care about the signup bonus, you just need $150k in either cash/checking , You Invest, IRA, CD. Less than $150k and you pay a $35 / month. You are supposed to (within 13 months) get to a $250k balance. They waive the $35 / month fee (under $150k) for 3 months to give you time to transfer money in.

If you want the $2000 signup bonus, you must move $250k of new money into Chase and it can only be held in checking/savings or a JPM Investment account (taxable - not IRA).

The JPM Investment account has 2 options.

1) You can ask them to set it up as a self directed account (they call it Full Service) and there is no management fee. It is similar to You Invest.
2) They manage your money for you (their goal) and fees range based on how much you deposit. I was told 1.45 % for $100k, 1.25% for $250k, and .95% for $1 million.